On June 11, "The Federal Reserve (FED) mouthpiece" Nick Timiraos stated that the decline in car and clothing prices led to the core CPI data for May being lower than expected. Some forecasters had expected these two items to show the early effects of tariffs in May.
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"The Federal Reserve (FED) spokesperson": The decline in automobile and clothing prices has led to the core CPI being lower than expected.
On June 11, "The Federal Reserve (FED) mouthpiece" Nick Timiraos stated that the decline in car and clothing prices led to the core CPI data for May being lower than expected. Some forecasters had expected these two items to show the early effects of tariffs in May.